It is nice for once to be able to look at some growth in the Italian economy. The problem is that as I look at this quarter and the prospects for 2023 we have real wage growth of around -8%. mortgage costs rising and in addition to the price rationing of power for industry the prospect of actual blackouts. Italy relied on gas from Russia and used France and its nuclear capacity as another boost via energy imports. We know the issue with Russia and on Monday we noted the problems with France’s nuclear output with it now being an importer rather than an exporter of electricity.
Related Articles

Corruption
Reuters: Malta suffers second nationwide power cut in a month
Meanwhile back in one of the EU’s mafia states…. Read here

Economics
Bill Mitchell: The absurdity of the current monetary policy dominance exposed
April 6, 2023
Mathew D. Rose
Economics, Finance, Financial Institutions, Inequality, National Politics
0
I repeat my position on dealing with the current inflation: 1. Hold interest rates constant (as in Japan). 2. Do not expand fiscal policy significantly. 3. Provide fiscal support to the low-income families. 4. Watch […]

Economics
Heiner Flassbeck: France has voted – but the beacon of this election is being ignored
After last Sunday’s election in France, Europe quickly went back to business as usual. After all, it went well once again. Emanuele Macron is likely to be re-elected as president and Europe can rely on […]
Be the first to comment